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Company delivered record sales of $419.9 million, up 17.2%, and second highest quarterly EBITDA of $121.1 million.
August 3, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ingevity Corporation reported its financial results for the second quarter 2022. Record net sales of $419.9 million in the second quarter rose 17.2% versus the prior year quarter, as the company drove price increases across the businesses to help offset ongoing inflationary cost pressures. Second quarter net income of $59.8 million increased 35% compared to the prior year quarter. Second quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $121.1 mill...
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